Crypto Bulls Can't Get Enough Of This Token
It's up 400% since the bear market! 🐂
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Dean: Take Me Back To The Bear Market Please 🐻
Ladies and gentlemen, I think we’re at the end of an era: the era of cheap crypto coins!
Just look at how undervalued leading cryptocurrencies were in the bear market:
Now, before we look at the prices of these cryptos since market sentiment flipped bullish, be sure to grab some tissues.
If you’re anything like me, you wish you could have bought more at these prices. But alas, the opportunities the bear market giveth, the bull market taketh away:
52 Week Highs
Astonishing gains, right?
Bitcoin ($BTC) is up over 200% since the bear market — leading to altcoins like $ETH rising over 200%, $SOL rising over 1,000% (you read that right), $AVAX rising over 600%, and $LINK rising nearly 400%!
The best part?
It’s likely that BTC will run even higher, leading to new highs for altcoins. As this unfolds, we think one altcoin in particular will be bid up in the process.
Linking Blockchains Globally 🔗
As the crypto bull market continues, we believe the biggest winners will be tokens that provide massive utility.
One such token is Chainlink USD (LINK–USD).
$LINK is a decentralized oracle network that enables smart contracts on various blockchain platforms to interact with real-world data securely.
In essence, it acts as a bridge between blockchain-based smart contracts and external data sources, allowing smart contracts to access information from the outside world in a reliable and tamper-proof manner.
This crypto essentially links blockchains — allowing interoperability between them.
Crypto projects use $LINK tokens to facilitate this process, creating massive demand for the token.
I remember discovering a crypto project that allowed users to wager as much as 50k on a coin toss or dice roll, among other games.
How did it randomize the coin tosses and dice rolls? You guessed it, using $LINK to interact with real-world databases:
Now, I’m not advocating for you to wager 50k on a blockchain facilitated by $LINK technology.
You would likely be better off following our stock and crypto recommendations at ATG Digital!
Tens of thousands of $LINK was purchased to facilitate randomizing gambling with the project I mentioned above.
But more sophisticated crypto projects with deeper pockets and more marketable solutions will buy $LINK to execute cross chain communication, as well.
As the price continues to rise, we can anticipate retail investors entering the market to buy $LINK.
Real demand from crypto projects and speculators alike could cause $LINK to soar!
All In On Crypto 🪙
We currently hold $LINK in our Gold Tier portfolio at a gain of 38%.
That said, when we were down big on this crypto during the crash, we encouraged community members to buy when it was cheap to decrease their average price.
If you followed our guidance, you would be up pretty big. $LINK is up nearly 400% since the bear market.
But remember, $LINK has an all-time high of $52.70.
So, in our opinion, $LINK has more room to move up from its current price of about $20.
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Just look at some of the crypto gains we closed during the bear market in 2023:
#GBC100: Wednesday, February 14, 2024
The #GBC100 is up 2.68% today.
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Thanks for LINKing us up with a recommendation for this crypto
Thanks for the update. The volatility is Unbelieveable at present. My portfolio down 3.8% on Tuesday and today up 5.8%. I sense something is happening. There is a change coming in the markets!